$619,000
SOLD JAN 6, 2025
Last list price

12400 E Drift Ln Palmer, AK 99645

8 Beds
4 Baths
4,050 Sq Ft
0.92 Acres

Recently Sold

$153 Per Sq Ft

3 Days on Market

Highlights

  • Views
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of January 2025

Located conveniently across from the Fair Grounds, this property offers both strategic value and prime location. About 50% of the furnaces are 2-5 years old, multiple units have been remodeled and updated. New exterior paint, pressure tanks and water softeners. All units are 2bed 1bath and metered separately for electric. Great Opportunities like this are raredon't let this chance slip away!

Last Agent to Sell the Property

Giacinto Paoletti

Alaska Realty & Investments License #17872 Listed on: 10/01/2024

Last Buyer's Agent

Sarah Langford

Keller Williams Realty Alaska Group of Wasilla License #19055

Keller Williams Realty Alaska Group of Wasilla

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.92 Acre Lot

Parking

  • 8 Parking Spaces

Home Design

  • 4,050 Sq Ft Home
  • Quadruplex
  • Block Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Sherrod/Swanson Elementary School
  • Palmer Middle School
  • Palmer High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Shared Well
  • Septic Tank

Additional Features

  • Property Views

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $6,680
  • Gross Income $55,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.92
  • Road Frontage Type: Dedicated Road
  • Directions: North on the Glenn Hwy. Left on Drift Lane (across from fair grounds). Property will be on your left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex
  • Year Built: 1977
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 4050

Exterior Features

  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Foundation Details: Block
  • Property Condition: Existing Structure

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 8

Utilities

  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Shared Well

Schools

  • Elementary School: Sherrod/Swanson
  • High School: Palmer
  • Middle Or Junior School: Palmer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 40075.2
  • Mobile Dim Units: Feet
  • Zoning Description: Not Zoned-all MSB but Palmer/Wasilla/Houston
  • Zoning: UNZ
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 55500
  • Annual Operating Expense: 6680

Tax Info

  • Tax Map Number: PA12

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold -- -- --
10/04/2024 10/04/24 Pending -- -- --
10/01/2024 10/01/24 For Sale $619,000 -- $153 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Giacinto Paoletti

    Seller's Agent in 2025

    Giacinto Paoletti

    Alaska Realty & Investments

    (907) 745-7773

    313 Total Sales

    Giacinto Paoletti
    Section Image
  • Sarah Langford

    Buyer's Agent in 2025

    Sarah Langford

    Keller Williams Realty Alaska Group of Wasilla

    (907) 441-5347

    230 Total Sales

    Sarah Langford
    Section Image
See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 24-12609

Alaska Multiple Listing Service

Alaska Matanuska-Susitna Borough Palmer 99645

12400 E Drift Ln, Palmer, AK

This home is located at 12400 E Drift Ln, Palmer, AK 99645 and is currently priced at $619,000, approximately $152 per square foot. This property was built in 1977. 12400 E Drift Ln is a home located in Matanuska-Susitna Borough with nearby schools including Palmer High School, Sherrod Elementary School, and Palmer Middle School.

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Alaska Multiple Listing Service The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.

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